American Businessman Wes Edens Moves In A Big Way Into The World Of Sports

Private equity investor Wes Edens has moved in a big way into sports in recent years. He made a name for himself having co-founded Fortress Investment Group in 1998 where he led the effort to invest in promising privately held firms with compelling business plans. He has been a principal of this New York City-based firm ever since he co-founded it.

Wes Edens has been very involved in sports throughout his life. When he was a teenager he was a competitive skier. As an adult, he is engaged in climbing mountains and competitive horse jumping. This explains his keen interest in other sports such as football (soccer in the United States) and the National Basketball Association, two sports in which he is now a team owner.

The first professional sports team that Wes Edens became an owner of was the Milwaukee Bucks. He partnered with businessman Marc Lasry to buy this team in 2014 for the price of $550 million. The promised when they were buying the team to keep it in Milwaukee and additionally replace the very outdated BMO Harris Bradley Center. See more information about Wes Edens at wealthx.com


He fulfilled his promise and a new arena has been completed in Milwaukee in time for the 2018-2019 season. This arena is the new home of the Bucks and can also be used for many other purposes such as conventions and possibly hockey. The naming rights went to Fiserv so it is called the Fiserv Forum and can seat 17,500 people.

Wes Edens says that the Milwaukee Bucks can win despite not having won a championship since 1971. He is right as the team has gotten off to a great 11-4 start to the 2018 season and has shown a lot of promise on defense and offense.

More recently, Wes Edens also became a co-owner of the Alton Villa football team. This team had been financially trouble before he and Egyptian billionaire Nassef Sawiris stepped in to right the ship. The goal is to return this team to the Premier League where they played for many years before being unpromoted due to too many losses.

Learn more: https://www.newfortressenergy.com/about-us/wes-edens

IC Systems, its philanthropic works, and systems

In the year 1938, Ruth Erickson and her husband Jack Erickson founded the IC Systems. Ever since, it has been at the forefront of innovation in the accounts receivable recovery industry. Its headquarters are based outside of Saint Paul’s Minnesota (Twitter).

The company is key on simplicity to ease its operation and make it user-friendly not only to its clients but also to it loyal and critical employees.

The company,refer to as IC Systems, is well grounded in its core values which are people, integrity, performance, pride as well as innovation. These values are made known to all employees who are naturalized to live by them not only at work but also apply them in their day to day lives.

In the year 1981, IC Systems started the ‘Employee Charitable Help Organization.’ The main aim of starting the organization was to let the employees of the firm help immediate and far-off communities in need of aid.

The primary function, on the other hand, is to investigate and make decisions on the socialization as well as the distribution of funds that are donated by IC Systems as well as the employees of the company. This is an entirely philanthropic organization.

They have many charities. Some of these include:

  1. The American Cancer Society
  2. American Red Cross
  3. Toys for Tots
  4. Relay for Life

The company through charities aims to help as many individuals in need as possible. It is this way that they give back to the society.

The objectives of the business are also well stated. Some of them include being mindful of neutrality. This is achieved by the conservation and efficient use of energy as well as other renewable resources. There is consideration of sustainability in the maintenance as well as the management of infrastructure and lands.

The company aims at challenging IC Systems to bring sustainability values into other communities. This can only be done through teaching, learning, working, research, working as well as discussion. These are just a tip of the iceberg when it comes to their visionary objectives.

The firm is secure. FRSecure ensures this, and they go an extra mile to hire a third-party auditor. This is mainly to increase the reliability of the systems that run the organization.